Archives-October 2015

This paper is directed at highlighting the funding pattern of the federal government of Nigeria in relation to public education. It involves a review of relevant policy documents and research reports. The purpose is to stress the importance of adequate funding in relation to pertinent issues that affect the quality of free education programmes in Nigeria. This paper reveals that the adequacy of government funding of education has been adversely affected by inaccurate projection of target population for free education programmes due to poor statistical base and insufficient demographic information; the security situation in the country that compels government to spend increasing amount of money on security issues; and the weakness of the national currency against major international currencies like the British pound, the US dollar and the Euro that reduces the purchasing power of the naira in the international market. It recommends timely collection, collation, analysis and documentation of all demographic and institutional data relating to the funding of free education programmes. Keywords: Funding, basic education, national budget, expenditure.

The paper presents Nigeria’s 2011 General Election and 2015 Biometric Voting (Electronic voting) system. The paper adopts the critical, theoretical and documentary research methods in describing Nigeria’s 2011 general election and 2015 electronic voting system. The paper finds that the 2011 general election was credible, reliable and transparent. Also that the implantation of the automated electoral system using Biometric Data would enable the hosting of free and fair election in Nigeria. Three major implications are identified: first to scholars on the investigation of the link between national elections and electronic voting (e-voting). Further study to empirically investigate the relationship between national election and e-voting using our proposed conceptual and operational framework. To the citizen, they can have the opportunity in choosing their leaders by exercising their rights in a democratic process. The paper recommends: that the government establish voters list updating: provide a biometric data base of all Nigerians both at home and abroad; the provision of regular power supply to effectively allow for the use of the biometric system; maintenance of adequate security; and leaders to fulfil their obligations and have fear of God in execution of their duties.

The paper examines Electronic Recruiting (e-Recruiting) Strategy and Corporate adoption in Nigeria. The objective of this paper is to empirically investigate the successes associated with adopting electronic recruiting strategy by corporations in Nigeria since many corporations have not adopted or accepted this form of strategy. The paper adopts the documentary and survey methods. The statistical tool adopted for this paper is the Spearman Rank Order Correlation Coefficient and the Pearson Product Moment Correlation with the aid of statistical package for social sciences. The paper finds that there is a significant relationship between website design and relative advantage; significant relationship between web design and complexity on corporate adoption in Nigeria, and that trust indicates an influence on the relationship between E-recruitment strategy and Corporate adoption in Nigeria. The paper recommends amongst others: improvement of service delivery to achieve efficient and effective web-based, e-recruiting; effective base for dataware houses; the recruiting website should be interactive, pleasing and user-friendly. The paper suggests that further studies should be carried on diffusion study of e-recruiting to identify the underlying determinants of the level of acceptance of this technology by corporations in Nigeria.

This study investigate the attitude of parents towards female genital mutilation in Etche Local Government Area of Rivers State The population for this study comprises all males and females in Etche Local Government Area of Rivers State. The sample size is 200 subjects selected through stratified random sampling technique. A self structured instrument titled Female Genital Mutilation Inventory (FGMI) was used. Three hypotheses were used in this study. An independent t-test was used to analysis the hypotheses. Findings were made as follows: (i) There is a noticeable difference in the attitude of Educated and non-educated parents towards female genital mutilation. Based on the findings recommendation and conclusion were made and implication for counselling was also carried out.

Corporate governance model and performance indicators have become subjects of intense debate within and across law, finance and economics. Despite this widespread interest, finding evidence that corporate governance model causes changes in performance indicators has posed a significant challenge. This paper seeks to ascertain whether cross sectional variation between corporate governance model and performance indicators among Nigerian firms. The sample comprises a panel of 40 non-financial firm listed on the Nigerian stock exchange (NSE), covering the period of 2008-2012. The combination of 40 firms for a five-years period provides a balanced panel of 316 observations which can be analyzed using panel data methodology. The performance indicators used in this study is dividend yield. The postulated hypotheses were tested, using the multiple regression analysis. The empirical results suggest that there is a significant positive influence of corporate governance model on dividend cover. The study recommend that corporate governance model should lead to improvements in terms of the decision making process of the companies in Nigeria. Keywords: Corporate Governance Model, Corporate Performance, Agency Theory, Dividend Yield, Nigeria.

While the philosophy behind tax incentives and corporate financial performance is appealing, its analytical content and utility remains somewhat controversial and of empirical interest. This study assesses the causal influence of tax incentives and corporate financial performance on a sample of 50 listed companies in the NSE, covering the period of 2006-2010. The postulated hypotheses were tested, using multiple linear regression (MLR) analysis. With r values of .996, .984, and .948 very basic aprori reasoning established is the existence of a robust dimension and the three measures of corporate financial performance, namely return on equity, return on sales and profit after tax. The significance of this attempt can be seen in the ability of the models to permit inter-sector; inter-industry, inter-institutional, as well as inter-country comparative analysis relating to the specified variables. Further empirical research is however recommended to verify the validity of these submissions and the overall explanatory power of the models constructed, using data drawn from developing countries. Keywords: Corporate Financial Performance, Profit After Tax, Return on Equity, Return on Sales, Nigeria.

The study focused on the overall contribution of ICT on the public sector Accounting. IT has made tremendous changes in the world toady due to it speed, ease in operation, cost reduction, efficiency and effectiveness. The study reflect that being on web ensures that Nations or organizations on the right track of speedy and sustainable developments. The study applied survey design using regression analysis. Questionnaires were administered to the appropriate target respondents and one the findings among several others confirmed that less time is spent in the accounting processes with IT, making the report of the accountant ready within the shortest frame of time thereby facilitating decision-making, creating public awareness and making governance effective. It was then recommended that there should be trainings and retaining both external and in-house, because field studies reviled that most public workers are not computer literate. The few that are literates got that by self-help. Keywords; information Technology, Information Communication Technology (ICT), Public Sector Accounting

In both developed countries, privatization and in some cases commercialization have grown in popularity and acceptability. It has also become an important instrument that government can use to promote economic development, improve the production and distribution of goods and services, stream line government structure and reinvigorate industries controlled or managed by the state. The magnitude of persistent failure of public enterprises has alarming rate due largely high level corruption. Even when faithful implementation was supposed to result in efficiency effective and economic to the economy and consumers alike there continued to a derail from reality. The study methodology applied survey design and use Pearson product moment correlation coefficient. The study revaled that privatization promotes economic development. Privatization is a major road map to sustainable economic development. Hence creation of employment opportunities, four prices and competition but unfortunately public power as example the expectations from privatization have not been realized in Nigeria. It has been at the detriment of the households. The study recommends that there should faithful implementation of privatization, and it should be implemented with vigour.

Metal-joining plays an important role in the industry and virtually all servicing and manufacturing concerns, directly and indirectly, benefit from it. However, not all kinds of joining processes are suitable for thin metals and light works due to the sensitivity of light metals to heavy heat, rapid corrosion of most metals at high temperatures and very high quantities of heat energy needed to fuse parts. It has been observed that the heat energy required to melt and establish continuity across parts is even higher with welding and brazing-which utilize fillers of high tensile strengths and melting points-such as iron (0.8% steel-800 MNM-e 1535oc), copper (210 MNM-z 10-83oc) and silver (125MNM-e 961oc). In this study, therefore the cold-brazing Joining technique which does not utilize heat in its operation, was studied using experimental designs. Light copper wires of about 0.01mm diameter, zinc electrode and concentrated zinc tetraoxosulphate (vi) solution (Zn2So4) were used and, results from the investigation and calculations show that thin metals and light parts can be easily joined using cold-Brazing joining technique with energy consumption for depositing a zinc filler of 1kg using high temperature process and the same amount of zinc filler using cold-Bracing, in the ratio of 71:269 KJ. Thus, it is certain that other electrolytically depositable metals with higher tensile strengths and melting points than silver-solders and brass, such as copper, can be used with this technique. And if fully made better, the present innovation will not only rival, but surpass most joining methods.

The study focuses on the relevance of forensic accounting as a tool on fraud management in Nigeria, and how effective it has been in fraud management so far. Forensic accounting is still although recently flourishing in Nigeria. Notwithstanding, so many public owned organizations have adopted its use, especially because of the level of fraud and corruption in Nigeria. The study applied survey design. For the analysis, data were generated by the administration of questionnaire to some public organizations (both the federal and state) including ministries, departments and agencies of government domiciled in Imo state of Nigeria. The analysis of the data employed the use regression and analysis of ANOVA (Analysis of Variance). The study revealed among other things that the application of forensic accounting is fraud management has not been effective considering the level of fraud and corruption in Nigeria. The empirical studies here also revealed that there is a positive relationship between forensic accounting and fraud. With time, the application of forensic accounting will be so developed in Nigeria as to be more effective and efficient in fraud management. Nawaz (2011) shows that forensic accounting at the moment is playing a very important role in preventing the business entities from indulging in any of the irregularities like the manipulation of the financial statements, the misrepresentation of the annual reposts, as well as the false presentation of profits in order to entice the investors and blanks (Window Dressing or Creative Accounting). Since forensic accounting is new in Nigeria a strong system of internal control is the most effective method of fraud prevention. Key Words; Forensic Accounting, Fraud Management.